Despite a rising rate of increase in new COVID-19 cases and increasing U.S.-China tensions, global equity markets continued their ascent. Within global stocks, the multi-year return spread between Momentum and Value grew wider.
As liquid alternatives continue to proliferate, mainstream investors may be wondering what kind of exposures they’re getting by investing in these types of strategies? In this edition of the Factor InVe(nn)stigator, we interpret the factor analysis results of the Vanguard Market Neutral Fund.
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